gap btn fmg and mgx has widened today, page-4

Fundamentally I like it as it will have nearly $1b in cash in 2010 .

Maybe FMG is sexier with its port infrastructure and alleged bigger deposit.

But MGX is better managed and is very valuable tgo many players from Xstrata to Rio to FMG to he Chinese.

In theory this stock should be near $7. Jubilee Mines went to $20 from this level in only three years remember.

Not saying it will go there, but its worth a punt and if it gaps up tomorrow, we could see new highs this week given the $3b in mkt cap added to FMG.

FMG could bid for MGX to consolidate itys position and use its high share price and then I sense a bidding war for MGX.

Guru thinks Technically MGX is a Strong Buy. Guru thinks Fundamentally MGX is strong buy.

I also like AED Oil (and believe it or not QAN with a 10% yield).
Thoughts ?